Westport, CT, February 27, 2018 – Balance Point Capital (“Balance Point”), a provider of flexible capital to lower middle market companies, is pleased to announce that Adam Sauerteig has been named Vice President and Grant Groher has been hired as a Senior Associate.
Mr. Sauerteig rejoined Balance Point in 2015 as an Associate upon receiving his M.B.A. As Vice President, Mr. Sauerteig focuses on deal origination, deal execution, and portfolio management. Since originally joining Balance Point in 2010, Mr. Sauerteig has underwritten, structured, and executed debt and equity investments in lower middle market companies across a variety of industries including Media & Telecom, Healthcare, Consumer & Retail and Business Services. Prior to rejoining Balance Point, Mr. Sauerteig worked as a Summer Associate in the Investment Banking Division of Lazard. Mr. Sauerteig began his career as an Analyst with Balance Point. Mr. Sauerteig holds a B.A. from Colgate University and a M.B.A. from Cornell University.
Mr. Groher brings an extensive background in the underwriting and execution of debt financings to non-investment grade companies. Prior to joining Balance Point, Mr. Groher worked in the Financial Sponsors Group at Credit Suisse Securities (USA) LLC where he was an Associate responsible for the due diligence and underwriting of syndicated loan and bridge financings for private equity led leveraged buyout and M&A transactions. He developed significant experience in a variety of industries including Healthcare, Technology, Telecom, Industrials, and Consumer & Retail. Mr. Groher began his career at Anadarko Petroleum Corporation where he assisted in the evaluation and execution of corporate M&A and asset transactions in the energy industry. Mr. Groher holds a B.B.A. from Southern Methodist University and a M.B.A from the University of Virginia.
"We are pleased to congratulate Adam on his promotion. Adam’s contributions in sourcing, deal execution, and portfolio management over the past several years have been invaluable to our success. We are also very excited to have Grant join Balance Point. His experience underwriting and executing transactions will be a great asset to the firm as we continue to grow our capital base,” commented Managing Partner Seth Alvord.
Partner Justin Kaplan added, “We are very proud of Adam’s hard work and fortunate to add Grant to the team. We expect both Adam and Grant to play key roles in advancing our investment strategy of providing flexible capital solutions to companies and management teams across the lower middle market.”
About Balance Point Capital
Balance Point Capital is an alternative investment manager focused on the lower middle market. With approximately $625 million in assets under management as of December 2017, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. We take a long-term, partnership approach to investing and are committed to building lasting relationships with our partners, management teams and intermediaries. Balance Point Capital Advisors, LLC (referred to herein as Balance Point Capital) is a registered investment adviser. Further information is available at www.balancepointcapital.com.